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Property profile & analytics
OFF-MARKET
Estimated value
$610,000
Specialty properties
29804 Lk Shr Blvd Willowick, OH 44095-4611
Entity Owned
3-yr Hold
Free & Clear
Property ID
US66-1781806
Property profile
Verified
Property type
Specialty properties
Use group
CHARITABLE ORGANIZATION
Year built
2008
Total area
14,989 SF
Lot
2.1 ac (91,302 SF)
Zoning code
U3A
APN
28-A-041-0-00-005-0
UPID
US66-1781806
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$610k
Owner & transaction history
Starbucks Corporation · 3 yrs held
Starbucks Corporation
since 2022
7 recorded transactions
Zoning & alternative use
U3A · Willowick, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$895,000
+65.6%
Retail stores
$800,000
+47.6%
Warehouse, storage
$545,000
+0.7%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Willowick submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Willowick submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS
$540,000
Current use
MEDICAL BUILDING
$895,000
Change: +66% · Conversion: Difficult
RETAIL STORES
$800,000
Change: +48% · Conversion: Difficult
WAREHOUSE, STORAGE
$545,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$610k
Range $549k – $671k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$41 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$1,008
Tax year 2023
Assessed value
$1,372,970
Assessed 2023
Previous assessed
$1,372,970
+0.0% YoY
Effective rate
0.07%
On assessed value
Assessed land
$207,710
Assessed improvement
$1,165,260
Land market value
$593,460
Improvement market value
$3,329,320
Total market value
$3,922,780
Applied tax rate
28.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Specialty properties
Use group
CHARITABLE ORGANIZATION
Status
Off-Market
Year built
2008
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
14,989 SF
Lot
2.1 ac (91,302 SF)
Zoning code
U3A
APN
28-A-041-0-00-005-0
UPID
US66-1781806
Jurisdiction
LAKE
Zoning & alternative use
U3A · Willowick, OH
Zoning U3A · permitted uses
U3A · Willowick, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Willowick. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
Est. value
$540,000
MEDICAL BUILDING
Est. value
$895,000
RETAIL STORES
Est. value
$800,000
WAREHOUSE, STORAGE
Est. value
$545,000
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
MEDICAL BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2008
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
2.1 ac
Current owner
From public records · entity-resolved
Starbucks Corporation
Entity
Free & Clear · 3 yrs held
Mailing address
7590 AUBURN RD, CONCORD TOWNSHIP, OH 44077-9176
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 2, 2022
—
Starbucks Corporation
Shoregate Station LLC
Lease
—
Jun 4, 2009
—
Marucci Group LLC
—
Grant Deed
related
$1,169,817 · National City Bank
May 6, 2008
$16,863,000
Shoregate Properties LLC
Shoregate Shopping Center Ltd
Grant Deed
related
$19,500,000 · Protective Life Insurance Co
May 23, 2007
—
City Of Willowick Ohio
Shoregate Shopping Center Ltd
Quit Claim Deed
related
—
Feb 7, 2007
$950,000
Lake Hospital System INC
Marucci Group LLC
Grant Deed
—
Dec 26, 2006
—
Shoregate Shopping Center
West Shoregate Shopping Center
Quit Claim Deed
—
Dec 26, 2006
$2,733,800
The Marucci Group LLC
West Shoregate Shopping Center Ltd
Limited Warranty Deed
—
Aug 7, 2003
—
Shoregate Shopping Center Ltd
Ratner,charles A
Grant Deed
related
—
Nov 7, 2002
—
Riser Foods Co
—
Deed Of Trust
related
$1,000,000,000 · Mellon Bank Trustee
—
—
Shoregate Properties LLC,
—
Deed Of Trust
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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